EX-99.(A)(5)(D) 2 dex99a5d.htm EXCERPT FROM INVESTOR UPDATE PRESENTATION BY JOHN DINEEN ET AL. ON 11/09/2010 Excerpt from Investor Update Presentation by John Dineen et al. on 11/09/2010
GE Healthcare
healthymagination
Investor Update
Exhibit (a)(5)(d)


"Results
are
preliminary
and
unaudited.
This
document
contains
“forward-looking
statements”-
that
is,
statements
related
to
future,
not
past,
events.
In
this
context,
forward-looking
statements
often
address
our
expected
future
business
and
financial
performance
and
financial
condition,
and
often
contain
words
such
as
“expect,”
“anticipate,”
“intend,”
“plan,”
“believe,”
“seek,”
“see,”
or
“will.”
Forward-looking
statements
by
their
nature
address
matters
that
are,
to
different
degrees,
uncertain.
For
us,
particular
uncertainties
that
could
cause
our
actual
results
to
be
materially
different
than
those
expressed
in
our
forward-looking
statements
include:
current
economic
and
financial
conditions,
including
volatility
in
interest
and
exchange
rates,
commodity
and
equity
prices
and
the
value
of
financial
assets;
the
impact
of
conditions
in
the
financial
and
credit
markets
on
the
availability
and
cost
of
General
Electric
Capital
Corporation’s
(GECC)
funding
and
on
our
ability
to
reduce
GECC’s
asset
levels
as
planned;
the
impact
of
conditions
in
the
housing
market
and
unemployment
rates
on
the
level
of
commercial
and
consumer
credit
defaults;
changes
in
Japanese
consumer
behavior
that
may
affect
our
estimates
of
liability
for
Grey
Zone
claims;
our
ability
to
maintain
our
current
credit
rating
and
the
impact
on
our
funding
costs
and
competitive
position
if
we
do
not
do
so;
the
adequacy
of
our
cash
flow
and
earnings
and
other
conditions
which
may
affect
our
ability
to
pay
our
quarterly
dividend
at
the
planned
level;
the
level
of
demand
and
financial
performance
of
the
major
industries
we
serve,
including,
without
limitation,
air
and
rail
transportation,
energy
generation,
network
television,
real
estate
and
healthcare;
the
impact
of
regulation
and
regulatory,
investigative
and
legal
proceedings
and
legal
compliance
risks,
including
the
impact
of
financial
services
regulation;
strategic
actions,
including
acquisitions
and
dispositions
and
our
success
in
integrating
acquired
businesses;
and
numerous
other
matters
of
national,
regional
and
global
scale,
including
those
of
a
political,
economic,
business
and
competitive
nature.
These
uncertainties
may
cause
our
actual
future
results
to
be
materially
different
than
those
expressed
in
our
forward-looking
statements.
We
do
not
undertake
to
update
our
forward-looking
statements.”
“This
document
may
also
contain
non-GAAP
financial
information.
Management
uses
this
information
in
its
internal
analysis
of
results
and
believes
that
this
information
may
be
informative
to
investors
in
gauging
the
quality
of
our
financial
performance,
identifying
trends
in
our
results
and
providing
meaningful
period-to-period
comparisons.
For
a
reconciliation
of
non-GAAP
measures
presented
in
this
document,
see
the
accompanying
supplemental
information
posted
to
the
investor
relations
section
of
our
website
at
www.ge.com.”
“Effective
January
1,
2010,
we
reorganized
our
segments.
We
have
reclassified
prior-period
amounts
to
conform
to
the
current-period’s
presentation.”
“In
this
document,
“GE”
refers
to
the
Industrial
businesses
of
the
Company
including
GECS
on
an
equity
basis.
“GE
(ex.
GECS)”
and/or
“Industrial”
refer
to
GE
excluding
Financial
Services.”


Precise therapy
requires precise
diagnostics
The way we look at disease is changing
Assembling the necessary technologies
to lead
Responders
Patient populations
Investing in molecular diagnostics
Mammography
Molecular Biopsy Tools
Tumor
+
IHC Stain
Gene sequencing
Molecular pathology
Imaging
Molecular Diagnostics
Operations &
commercialization
Molecular imaging
agents & equipment
Technology &
content
Enabling
workflow
in vivo
diagnostics
GRC
Molecular
Pathology
Digital
Pathology
Clarient
1
Macro
Trend
Molecular profiling segment for cancer expected to
grow from $15B in 2009 to $47B in 2015
... to be a leader in the next diagnostic
frontier
Toxic
impact
No
impact 


Investing in molecular
diagnostics
Pascale
Witz
President and CEO,
GEHC, Medical Diagnostics 


Clarient disclaimer:
Forward Looking Statements 
Certain statements in this presentation regarding Clarient, Inc. and General Electric Company and the proposed transaction contain
forward-looking statements that involve risks and uncertainty. Future events regarding the proposed transaction and both Clarient's
and GE’s actual results could differ materially from the forward-looking statements. Factors that might cause such a difference
include, but are not limited to: delays in completing, or the failure to complete, the proposed transaction due to a failure to satisfy
closing conditions or other reasons, Clarient's ability to continue to develop and expand its diagnostic services business,
uncertainties inherent in Clarient's product development programs, Clarient's ability to attract and retain highly qualified managerial,
technical, and sales and marketing personnel, uncertainty of success in identifying, developing and commercializing new diagnostic
tests or novel markers including the Mammostrat(R) test, Clarient's ability to fund development of new diagnostic tests and novel
markers, and to obtain adequate patent protection covering Clarient's use of these tests and markers including for the
Mammostrat(R) test, and the amount of resources Clarient determines to apply to novel marker development and commercialization,
the risk to Clarient of infringement claims and the possibility of the need to license intellectual property from third parties to avoid or
settle such claims, failure to obtain regulatory approvals and clearances required to conduct clinical trials if/when required and/or to
commercialize Clarient's services and underlying diagnostic applications, Clarient's ability to compete with other technologies and
with emerging competitors in novel cancer diagnostics and dependence on third parties for collaboration in developing new tests,
and risks detailed from time to time in Clarient's and GE’s reports filed with the U.S. Securities and Exchange Commission (“SEC”),
including quarterly reports on Form 10-Q, current reports on Form 8-K, and annual reports on Form 10-K. Recent experience with
respect to laboratory services, net revenues and results of operations may not be indicative of future results for the reasons set forth
above. Neither Clarient nor GE assumes any obligation to update any forward-looking statements or other information contained in
this document.  
Important Additional Information
This presentation is neither an offer to purchase nor a solicitation of an offer to sell any securities. In connection with the proposed
transaction, General Electric Company and Crane Merger Sub, Inc. have filed tender offer documents with the SEC. These
documents have been mailed to all Clarient stockholders of record. These documents, as they may be amended from time to time,
contain important information about the proposed transaction and Clarient stockholders are urged to read them carefully and in their
entirety before any decision is made with respect to the proposed transaction. The tender offer materials may be obtained at no
charge by directing a request by mail to Morrow & Co., LLC, 470 West Avenue – 3rd Floor, Stamford, CT  06902, or by calling toll-
free at (800) 279-6413, and may also be obtained at no charge at the website maintained by the SEC at www.sec.gov. 


$1.8B
2009
Q3’10 YTD V (3)%
Revenues
2015+
~8%
CAGR
Expand contrast media to developing markets
Launch Parkinson’s and cardiology imaging agents
in new markets
Deliver PET/in vivo molecular imaging pipeline
Establish leadership in molecular diagnostics
Key strategies
2011 market
Contrast Media mature in developed markets
Growth opportunities in developing markets
New Molecular Imaging agents growing strongly
(DaTSCAN
, 17%; AdreView, 13%)
Opportunity for MDx
†DaTSCAN
not  approved by U.S. FDA; currently at FDA for review


The way we look at cancer is evolving
Mammography
Tumor
Tumor stage
Favorable vs. Unfavorable
HER2, Hormone Receptor
Gene mutations: BRCA1, BRCA2
Breast cancer
Organ
Stage/
Structure
Molecular
profile
http://www.cancer.org/Cancer/BreastCancer/DetailedGuide/breast-cancer-treating-hormone-therapy
http://www.cancer.org/Cancer/BreastCancer/DetailedGuide/breast-cancer-treating-targeted-therapy`
Tumor molecular profile determines
treatment and prognosis
The right therapy for the right patient
Overall healthcare system costs
reduced …
increased efficiency
Therapies above have targeted
effectiveness
Femara™


Pharma’s
transition to bio-therapeutics
Bio-therapeutics address big unmet needs
Targeted drugs need powerful diagnostics


In vitro molecular
diagnostics brings
advantages in
access, development
time and cost
Combination will allow
more complete
disease management
Imaging required to
localize disease
Broader GEHC diagnostic offering
In vivo
Imaging
Dx


Example …
breast cancer care
250,000+ new breast cancer diagnoses in the US per annum
Confirm Dx
& Rx
selection
Screening
Diagnostic
workup
Treatment
monitoring
Mammo
$3.1B
38M screened
Mammo
U/S
MR
>$500M
3M exams
Biopsy
$250M
1.2M procedures
>$100M
>35k tests
Prognostics
in vitro
IVD screening
to lower
mammo
recall rate
in vivo
Imaging procedures
to  reduce
unnecessary
biopsies
in vitro
Molecular pathology
to help
choose the best
therapy
in vivo
Imaging agents to
monitor  therapy
effectiveness
Today
Tomorrow:
molecular
diagnostics
impact
Combine imaging and molecular diagnostics to improve
patient outcomes and save on healthcare costs


GE combines
PET expertise with proprietary imaging agents
Fluciclovine:
for detecting presence
of tumor metabolic activity
Fluciclatide:
for measuring tumor
growth
GEHC oncology PET imaging portfolio
Oncology drugs
Sales 2009
Avastin™
(becvacizumab)
$6B
Sutent™
(sunitinib)
$1B
Nexavar™
(sorafenib)
$0.6B
Targeted therapies effective in ‘right patients’
Targeted therapeutics need targeted
diagnostics to be cost-effective
+
Increased accuracy
Therapy monitoring: rapid assessment of patient response
saving costs, improving care
GEHC can deliver an integrated approach
GE Healthcare can combine imaging information for
increased diagnostic confidence
Fluciclatide
molecular marker of
therapy response
PET VCAR
precise pre and post –
treatment comparison
In vivo diagnostics to help monitor therapy
Baseline before
treatment
Follow-up: quantitative
proof of drug efficacy
Roche
Pfizer
Bayer
Limited by U.S. law to investigational use only


1
2
3
4
Advanced oncology diagnostics services with
broad menu of ~
350
tests to assess &
characterize cancer 
Strong pipeline of 20+ proprietary molecular
diagnostic tests for breast, lung, prostate &
colon cancer
Strong distribution channel with US-wide
coverage …
strong pathology customer base
Integration capabilities for new molecular
diagnostics tests
On-going pharma
biomarker collaborations
5
Strong service operations & distribution channel for proprietary
in vitro content
scalable & growing at 68% CAGR
In vitro diagnostics help choose therapy
Why Clarient?


Range of products to guide therapy decisions
Strong in vivo and in vitro coverage across oncology & neurology
Molecular diagnostics pipeline
Estimated
Launch
Molecular
Diagnostic
Clinical
relevance
Opportunity
Pulmotype
(in vitro)
Lung cancer
therapy choice
Differentiate Lung Cancer.
Integrate GRC technology
for better sample handling
Q1, 2010
Mammostrat
(in vitro)
Risk of breast
cancer recurrence
Market primed for tests
driving therapy selection
Q4, 2010
Flutemetamol
(in vivo PET)
Alzheimer’s
disease marker
Detect and locate amyloid
plaque
2012
Fluciclatide
(in vivo
PET)
Therapy
monitoring
Measure angiogenesis 
(tumor growth) activity
2013
Taxane
(in vitro)
Identify taxane
responders
Utility in lung, breast, ovarian
cancer
2013
Assumes completion of the Clarient
transaction
Limited by U.S. law to investigational use only


GE Healthcare competencies
Investing to become a leader in Molecular Diagnostics
in vivo molecular
imaging
Medical Diagnostics
Digitizing the
pathology
Workflow …
Omnyx™
/HCIT
Multiplexed
signatures, small
samples
Assays, operations &
commercialization
Operations &
commercialization
Molecular imaging
agents & equipment
Technology
& content
Enabling
workflow
in vivo
diagnostics
GRC
Molecular
Pathology
Digital
Pathology
Clarient